Peru-based pension fund administration companies (AFPs) affirmed the pre-election year (2015) does not cause any concern as they invest their funds on a long-term basis.
On the matter, Chief Investment Officer at AFP Habitat Diego Marrero pointed out the investments by the four AFPs in Peru are safeguarded in the long-term, so small cycles should not be affected.
“AFPs are confident the Peruvian economy will expand in the following years, and that investments will pay off in the long-term, that is, from 20 to 30 years,” he stated.
The CIO at Profuturo AFP Vicente Tuesta, in turn, added that in the 20 years of the AFPs existence, multiple political cycles have been observed in Peru.
“We have been investing in Peru for more than 20 years, and several political cycles have taken place in that period of time. In fact, guarantees and safeguards are more robust nowadays, so investments are safer,” Tuesta stated.
As for infrastructure investment, the CIO at Prima AFP Jose Antonio Roca highlighted that contracts with concession providers, that is, the central or regional governments, are more rigorous.
(END) RGP/JJN/RMB/MVB
Published: 1/28/2015